US economy adds 195K jobs, jobless rate 7.6 pct.
WASHINGTON (AP) - U.S. employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.
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While the official unemployment rate remained the same, the government's broadest measure of unemployment, known as the U-6, jumped from 13.8 percent in May to 14.3 percent in June. This marks the highest U-6 rate since February.
The U.S. Bureau of Labor Statistics measures the U-6 rate by taking the official unemployment rate, known as U-3, and adding in "marginally attached workers and those who wish to work full-time but are working part-time for economic reasons." Workers who are "marginally attached" include those who wish to gain employment but have stopped searching for various reasons.
Meanwhile, the labor force participation rate ticked up slightly, rising from May's rate of 63.4 percent to 63.5 percent in June. However, the number remains down from 63.6 percent at the beginning of 2013 and 63.8 percent a year ago. For a month-by-month chart of the labor force participation rate over the past 10 years, courtesy of the U.S. Bureau of Labor Statistics, click here.